Board stirred into action overnight to respond to the shareholder notices, things do seem to be happening behind the scenes. Harwood are not in this for crumbs, they must see a significant opportunity to be even running the ruler over these guys.
This has got Boardroom battle stamped all over it and the current Directors shareholding is insignificant so a change in management is on cards.
Having a look through the
past reports I can see that NYO are carrying significant tax losses that could be useful to a profitable company in a related field.
NYO have losses of $188M = ~GBP94M, could this be what they are after?
How much would a major miner pay to reduce their tax by this amount?
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